Columbia Property Trust Inc. (NYSE:CXP) saw unusually-strong trading volume on Friday . Approximately 458,132 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 491,557 shares.The stock last traded at $21.70 and had previously closed at $21.24.

A number of equities research analysts have issued reports on CXP shares. Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. BMO Capital Markets reiterated a “hold” rating on shares of Columbia Property Trust in a research report on Friday, April 29th. Finally, TheStreet upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $23.29.

The firm’s 50-day moving average price is $21.44 and its 200-day moving average price is $21.70. The firm has a market cap of $2.67 billion and a price-to-earnings ratio of 59.10.

Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.15. The firm had revenue of $126.58 million for the quarter, compared to analyst estimates of $132.19 million. The firm’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Analysts forecast that Columbia Property Trust Inc. will post $0.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Friday, May 27th.

Other hedge funds and institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Columbia Property Trust by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 17,055,419 shares of the real estate investment trust’s stock worth $400,460,000 after buying an additional 299,332 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Columbia Property Trust by 34.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,145,303 shares of the real estate investment trust’s stock worth $26,893,000 after buying an additional 290,448 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Columbia Property Trust by 147.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 123,871 shares of the real estate investment trust’s stock worth $2,909,000 after buying an additional 73,773 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of Columbia Property Trust by 17.5% in the fourth quarter. State of Wisconsin Investment Board now owns 302,287 shares of the real estate investment trust’s stock worth $7,098,000 after buying an additional 44,927 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Columbia Property Trust by 10.9% in the fourth quarter. First Trust Advisors LP now owns 129,078 shares of the real estate investment trust’s stock worth $3,031,000 after buying an additional 12,678 shares in the last quarter.

Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures.

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